Sri Lanka foreign reserves up 3-pct in June

money forex investment

July 07, 2017 (LBO) – Sri Lanka’s official foreign reserves climbed three percent (USD193.9mn) to 6.9 billion dollars in June, official Central Bank data showed.

Foreign currency reserves were 5.99 billion dollars and reserves in gold were 0.89 billion dollars.

Central Bank’s Treasury bill holdings were down from 214.35 billion rupees in May to 144.38 billion rupees in June.

During the year, up to Friday, the Sri Lanka rupee has depreciated against the US dollar by 2.5 percent.

Given the cross currency exchange rate movements, the Sri Lanka rupee has depreciated against the sterling pound by 7.7 percent and euro by 10.0 percent.

Sri Lanka rupee has depreciated against the Japanese yen by 4.7 percent and Indian rupee by 7.1 percent during this period.